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Japan's Nikkei dipped 0.4% as the yen extended recent gains
Updated : Dec 04, 2023

Asia shares edge up, rate hopes face data test

Many analysts suspect risks are to the upside, with Goldman Sachs tipping 238,000 including a chunk of workers returning from strikes, and a jobless rate of 3.8%.

The Dow Jones Industrial Average rose 520.47 points, or 1.47%, to 35,950.89
Updated : Dec 01, 2023

Dow rallies to year's highest close, caps blockbuster month

Financial markets have priced in a 95.8% likelihood that the central bank will let its key Fed funds target rate stand at 5.25%-5.50% at December's policy meeting.

M-cap of BSE listed companies hits $4 trillion mark for first time ever
Updated : Nov 29, 2023

M-cap of BSE listed companies hits $4 trillion mark for first time ever

The BSE-listed firms achieved a $1-trillion m-cap milestone in May 2007. The market cap surpassed $2 trillion in July 2017 and $3 trillion in May 2021.

Investing world mourns the passing away of Charlie Munger
Updated : Nov 29, 2023

‘Most independent thinker in the world’: Investing world mourns the death of Charlie Munger

Charlie Munger passes away: “Berkshire Hathaway could not have been built to its present status without Charlie’s inspiration, wisdom and participation,” said "Warren Buffett in a statement.

Born in January 1924, Charlie Munger would have turned 100 years old in 2024
Updated : Nov 29, 2023

Warren Buffett's trusted confidante Charlie Munger passes away at 99

Charlie Munger, also known for his investment philosophy, joined Berkshire Hathaway as a vice chairman in 1978.

MSCI's broadest index of Asia-Pacific shares outside Japan was flat, but 6.7% firmer for the month.
Updated : Nov 27, 2023

Asia stocks steady ahead of inflation tests, OPEC+ meeting

The approach of month end could also cause some caution given the hefty gains investors are sitting on. Japan's Nikkei added 0.3%, having surged 9% so far in November.

Netflix gives $11 mn to filmmaker for sci-fi series, he loses $6 mn in option trading; netizens say 'good movie plot'
Updated : Nov 23, 2023

Netflix gives $11 mn to filmmaker for sci-fi series, he loses $6 mn in option trading; netizens say 'good movie plot'

Filmmaker Carl Rinsch deposited $10.5 million into his Charles Schwab trading account and lost over half of it by trading options, said a report

Tuesday's minutes on the last Fed meeting showed a cautious approach toward monetary policy
Updated : Nov 23, 2023

Wall St climbs before holiday; investors optimistic Fed done hiking rates

U.S. stocks ended higher on Wednesday on optimism that the Federal Reserve may be done raising interest rates and that the economy is still resilient

Alibaba Group's US listed securities closed down 9%.
Updated : Nov 17, 2023

Alibaba shares set to slide 8% after it shelves cloud unit spin-off

The stock was set to open at HK$75.0, the first reaction in Asia since the announcement late on Thursday.

Wall Street rallies as cooling inflation boosts peak rate bets
Updated : Nov 14, 2023

Wall Street rallies as cooling inflation boosts peak rate bets

Following the data, traders erased bets the Fed will raise borrowing costs any further and piled into bets on rate cuts starting by May

Mobius Capital Partners was founded in 2018 by Mobius and his former Templeton colleagues Carlos von Hardenberg and Greg Konieczny.
Updated : Nov 13, 2023

Mark Mobius confirms his exit from Mobius Capital Partners, to focus on new projects in Dubai

London-based Mobius Investment Trust will continue to be managed by Mobius Capital Partners LLP, a statement from the trust said on Friday.

Goldman Sachs ups India shares, downgrades Hong Kong-based China stocks. Here's why
Updated : Nov 13, 2023

Goldman Sachs upgrades India shares, downgrades Hong Kong-based China stocks. Here's why

Goldman Sachs, as per Bloomberg, suggested that earnings to be the main driver of returns for Asia markets with valuations generally at fair levels relative to the macro-economic backdrop. The investment bank cut Hong Kong-listed Chinese companies to market-weight and Hong Kong firms to underweight, as per the report.

S&P 500, Nasdaq snap winning streaks after Powell, Treasury auction (Photo: Reuters)
Updated : Nov 10, 2023

S&P 500, Nasdaq snap winning streaks after Powell, Treasury auction

The Dow Jones Industrial Average fell 220.33 points, or 0.65%, to 33,891.94, the S&P 500 lost 35.43 points, or 0.81 %, to 4,347.35 and the Nasdaq Composite lost 128.97 points, or 0.94 %, to 13,521.45.

The comments, which were perceived to be dovish, sent US Treasury yields tumbling, with the benchmark 10-year yield hitting near three-week lows
Updated : Nov 02, 2023

Wall St touches two-week high on bets of end to Fed's rate hikes

The Fed held interest rates steady on Wednesday as expected, and while Chair Jerome Powell left the door open to further tightening he also acknowledged the impact of a recent surge in bond yields on the economy

Fed policy preview: Morgan Stanley noted that even as the Fed tightened monetary policy at the fastest pace in 40 years, it still is confronted with sticky labour and inflation data. (Photo: Reuters)
Updated : Nov 01, 2023

Fed policy: Rate hike off the table, FOMC meeting outcome likely to be uneventful

FOMC meet: Japanese brokerage Nomura said Fed officials appear content to let higher long-term yields serve as a substitute for further rate hikes.

Asian stocks bounce on China spending plans; inflation jolts Aussie
Updated : Oct 25, 2023

Asian stocks bounce on China spending plans; inflation jolts Aussie

China's top parliament approved a 1 trillion yuan ($137 billion) bond issue, state media reported adding the funds would be spent rebuilding disaster zones and improving infrastructure.

Megacaps Microsoft MSFT.O, Meta Platforms META.O, Alphabet GOOGL.O and Amazon.com AMZN.O rose between 1% and 2%.
Updated : Oct 16, 2023

Wall St jumps 1% to kick-start earnings and data-heavy week, megacaps rise

The Dow touched a near four-week high and was on course for its best day in more than two months, while the S&P 500 and the Nasdaq were headed for their best days in nearly two weeks.

Surprise attacks by Hamas over the last weekend triggered the worst-ever escalation by Israel, claiming over 3,900 lives on both sides
Updated : Oct 16, 2023

Israel-Hamas war: Israel's credit rating unlikely to be downgraded, says Israeli central bank guv

Israel-Hamas war update: He added that there should be no major changes to Israel's fundamental fiscal position with appropriate budget adjustments.

Japan's Nikkei share average fell more than 1%, while Australia's S&P/ASX 200 index lost 0.15% in early trading.
Updated : Oct 16, 2023

Nervous markets eye Gaza as oil hovers above $90

US Secretary of State Antony Blinken is visiting the region, seeking to prevent further escalation.

Asian shares drop sharply as US price data revives rate hike jitters (Photo: Reuters)
Updated : Oct 13, 2023

Asian shares drop sharply as US price data revives rate hike jitters

The increase in US consumer prices for September contained a surprise surge in rental costs and traders now see a stronger chance the Fed will end up delivering another hike this year.

FPIs are net sellers to the tune of Rs 7,727 crore in October so far against an outflow of Rs 14,768 crore in September. The institutional category has invested Rs 1,12,792 crore in domestic equities so far in 2023.
Updated : Oct 10, 2023

Canada slips to 8th spot in India's FPI list, assets under custody up

US-based FPIs remained India's top foreign investors at Rs 22,76,616 crore, followed by Singapore (Rs 3,93,165), Luxemburg (Rs 3,97,671 crore) and Mauritius (Rs 2,98,412 crore).

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